Blog Posts in 2010

  • Some Bankruptcy Facts…

    Posted By Jon Cooper || 15-May-2010

    Home Equity Lines of Credit (HELOC’s) are dischargeable in bankruptcy. There is a lot of different and confusing information out there about whether there is any personal liability for a HELOC or 2nd or 3rd Deed of Trust (commonly referred to as mortgages) when a homeowner defaults and the lender is forced to foreclose. First of all, under the Mortgage Forgiveness Debt Relief Act of 2007, there ...
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